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I made a comment recently addressing these very things. https://news.ycombinator.com/item?id=28851867 https://news.ycombinator.com/item?id=28851867 My content
by bmitc 5y ago
I made a comment recently addressing these very things.
https://news.ycombinator.com/item?id=28851867 https://news.ycombinator.com/item?id=28851867
My contention summarized is that using market share as it has historically been used is not good, because these software-based companies can scale to much greater power than ever before whereas in the past, one had to gain significant market share to wield the same or even less power.
- dahfizz 5y agoI think you and OP agree. Tech giants are clearly "too powerful" and need to be dealt with, but the traditional formulation of monopoly power is not a good way to deal with these tech giants.
- sanderjd 5y agoYep! We do agree. I wouldn't have commented if people were saying "these companies have too much power" because I agree. But they aren't monopolies.